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Japan's rare earths strategy has lessons for US, Europe — Quartz

April 23, 2021
In 2010, the Japanese government had a rude wakeup call: Beijing had abruptly cut off all rare earth exports to Japan over a fishing trawler dispute. Tokyo was almost entirely dependent on China for the critical metals, and the embargo exposed this acute vulnerability.
The silver lining to this incident, which sent global rare earth prices skyrocketing before they crashed down as the speculative bubble popped, is that it forced Japan to rethink its critical raw materials policy. A decade on, it has significantly reduced its dependance on China for rare earths, and continues to diversify its supply chain by investing in projects around the world. Its model may have lessons for the US, which desperately wants to break China’s rare earths monopoly. Rare earths are a group of 17 metals that are crucial in the manufacturing of high-tech products. ....

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Namibia Critical Metals Inc. - JOGMEC Elects to Move to Term 2 of Joint Venture Agreement and Significantly Increases Budget for Lofdal Heavy Rare Earths Project

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Japan Oil, Gas and Metals National Corporation (JOGMEC) elects to move to Term 2 of Lofdal JV Agreement with option to earn 40% interest in Lofdal Project
JOGMEC approves initial provision for an additional $2,063,000 budget for further development and metallurgical work through to July 31, 2021
An updated 43-101 resource report expected in late April 2021
HALIFAX, NOVA SCOTIA / ACCESSWIRE / April 1, 2021 / Namibia Critical Metals Inc. ( Namibia Critical Metals or the Company or NMI ) (TSXV:NMI) today announced that its JV Partner, Japan Oil, Gas and Metals National Corporation( JOGMEC ) has officially elected to move to Term 2 of the JV Agreement and provide additional funding of $2,063,000 for further exploration and development programs at Lofdal through to July 31, 2021. ....

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